Flat prices fall as demand dwindles

Lloyds Banking Group predicts that average property prices will fall by 3.8% by the end of 2021, with a downside risk warning of negative growth until at least 2024.

A recent survey has also found that British buyers are more likely to put forward a lower offer than asking price compared to their European counterparts.

London is likely to see the slowest rate of property price inflation in the coming years, according to some analysis of various property market forecasts.